Amit [Analyst]'s questions to Robinhood Markets Inc (HOOD) leadership • Q1 2025
Question
An analyst named Amit asked about the 2% retirement match promotion, seeking insight into the types of customers it attracted and whether the promotion is sustainable for acquiring wealthier clients.
Answer
CFO Jason Warnick confirmed the promotion's success, noting that promotions accounted for less than 15% of the record net deposits in Q1. He highlighted the attractive economics, with payback periods below the clawback periods. He specified that the promotion attracted large customers, with an average transfer of $90,000, and over $180,000 for taxable accounts.